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Stay Wealthy Retirement Podcast

7 Pitfalls to Avoid If You Want to Stay Retired

Stay Wealthy Retirement Podcast

Taylor Schulte, CFP®

Financialplanning, Retirement, Money, Taxplanning, Stocks, Wealth, Business, Investing, Retirementplanning

2.4606 Ratings

🗓️ 15 May 2025

⏱️ 17 minutes

🧾️ Download transcript

Summary

You’ve finally made it to retirement!

But what if some of the choices you’re making right now are quietly pulling you back to work?

Every year, countless retirees are forced back into the workplace.

Not because they were reckless, but because they followed advice that sounded smart and safe.

In this episode, I'm sharing 7 of the most common retirement pitfalls that can derail even the best-laid plans.

I'm also sharing our Total Retirement System™—a comprehensive framework to ensure you retire once and never look back. 

If you're approaching retirement (or already there) and want to avoid mistakes that force people back to work, this episode is for you.

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✏️  Grab the Episode Show Notes

Transcript

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0:00.0

You've finally made it. You're retired. But what of some of the choices you're making right now

0:04.6

are quietly pulling you back to work? Every year, countless retirees are forced back into the

0:10.0

workplace. In some cases, it's due to bad financial habits or economic events outside of their

0:15.7

control. But for many, going back to work is a result of following bad advice, advice that sounded

0:22.2

smart and safe on paper.

0:24.6

Welcome to the Stay Altie podcast.

0:26.1

I'm your host Taylor Schulte, and today I'm talking about retirement pitfalls.

0:29.7

Specifically, I'm sharing seven of the most common retirement pitfalls that can derail even

0:35.1

the best laid plans.

0:36.7

I'm also sharing how to avoid them so you can

0:39.0

retire once and never look back. To view the articles and research supporting today's

0:43.9

episode, just head over to you staywealthy.com forward slash 242. Most retirees focus on having

0:54.0

enough to retire, but too many overlook what it takes to stay

0:58.2

retired. And that's a big problem because retirement success is not just about hitting a savings

1:03.9

number. It's about managing dozens of small decisions that add up, decisions that either preserve

1:09.3

your freedom or slowly chip away at it.

1:12.1

This is what I often refer to as the retirement sustainability trap. You make a few reasonable choices,

1:17.8

a little extra withdrawal here, ignoring taxes there, and suddenly your carefully built plan

1:23.2

starts to crack. And it doesn't happen all at once, but over time, the cracks compound.

1:28.1

Eventually, you're left with this painful question. Do I need to go back to work? That's why

1:33.1

retirement planning is not just about reaching the finish line. It's about knowing how to live on the

1:38.0

other side of it. And what I found is that retirement sustainability is not about complex

...

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